Raoul Pal Predicts Altcoin Surge as Bitcoin’s Market Grip Slips
Bitcoin’s dominance takes a hit—altcoins are gearing up for their moment in the sun. Macro guru Raoul Pal spots the early tremors of a sector-wide rotation.
When BTC stumbles, the alts pounce. History doesn’t repeat, but it sure rhymes (and this time, the rhyme smells like desperation and hopium).
Wall Street’s usual playbook? Buy high, panic low, then blame ’market irrationality’ when their altcoin bags underperform.
The crypto market is on fire as Bitcoin price smashes past $100,000, reigniting talks of a massive altcoin rally.
Veteran macro investorbelieveshas peaked, signaling the beginning of what he calls the— a parabolic growth phase for altcoins. But not everyone agrees.
Bitcoin Hits $103K; BTC Dominance Slides
At the start of May, Bitcoin traded around. It stayed in the $94K–$97K range until May 7. But in the last 24 hours, BTC surged, breaking the critical $100K mark. Overall, Bitcoin has gainedand.
Meanwhile,has dropped fromto, a— the first after two months of consistent growth.
Raoul Pal says this downturn could mark the end of Bitcoin’s dominance and the start of the altcoin rally. He notes that BTC-D didn’t reach 2021 or 2017 highs, supporting his call.
What Is the “Banana Zone”?
Coined by Pal, thedescribes a sharp upward curve in altcoin prices that mimics the shape of a banana. It’s when investors rotate profits from bitcoin into altcoins, triggering explosive gains across the board.
Crypto analystdisagrees. He believes Bitcoin dominance could grow stronger due to rising. According to him, the current dip is only temporary.
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What About the Altcoin Season Index?
Thecurrently stands at, the highest since February but still far below the. This means we’re not in full altcoin season yet — but the setup is building.
Bitcoin’s $100K breakout is historic. Whether this triggers the “Banana Zone” or strengthens BTC dominance further remains to be seen. All eyes are now on altcoins.
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FAQs
Why is Bitcoin price up today?Bitcoin is up today after a 3.5% surge driven by bullish momentum, institutional buying, and positive market sentiment.
Is Bitcoin dominance decreasing?Yes, Bitcoin dominance has dropped from 65.36% to 63.69%, suggesting a shift towards altcoin dominance in the market.
Is it altcoin season now?Not yet. The index is at 41, indicating growing interest but not a full altcoin season yet.
